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AbDXB1345

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About AbDXB1345

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  1. AbDXB1345

    Market impact

    @JamesIG thanks for clarifying! Sounds like good business to me, whats the price per share for IG
  2. AbDXB1345

    Market impact

    Just to add to this, I was under the impression that IG do not take opposite positions from our trades, instead they simply broker them? A slight concern is that if IG are taking the position in the opposite direction, and they control the software... there clearly would be a high level of conflict of interest. Maybe @JamesIG can elaborate a bit on this?
  3. AbDXB1345

    Trading Setups

    Thanks @TrendFollower and @Caseynotes I have a trading strategy in place that is proving to be good for me in the demo, it relies on momentum and diverging moving averages. I'm never looking for the 20% profits, more so looking for consistency and the ability to reach a target daily/weekly $ profit rate. Thanks again for all your advice on the forum
  4. HI All Just want to give a quick shout out to @Caseynotes and @TrendFollower, after some suggestions on reading materials and research I have managed to develop a trading strategy that seems to be working for me on a higher probability level than what I was doing before. I am still very much trading on Demo but am confident enough to start my "migration" to the real world! I thought a good topic to discuss (and I tried to find a thread with this info already) is a discussion around the trading desk setups that some of our more experienced traders are using. This is purely from a beginners perspective as I appreciate the setup and costs can be as unlimited as one likes. I am currently trading on the IG online platform, I really like it due to its simplicity but it obviously has a number of limitations too. The real items I would like to discuss here is the hardware setups that traders are using or find an absolute must. Laptop vs desktop If Laptop/desktop, what brand or model Additional screens Printer White board etc As I mentioned above I am currently trading using the IG online platform and it works well, save that it can be jumpy if my laptop starts to catch a speed wobble (HP so nothing fancy). Also if I start operating multiple screens, would I need to open multiple windows of the trading platform and would this work? These are the questions I am currently having. Cheers to all!
  5. There seems to be an issue with the Demo trading system, its 50 minutes into the marketing and all of the shares seem to be inactive. I've tried logging out and back in a refreshing my browser with no luck.
  6. AbDXB1345

    trading stock tips

    Hi @TrendFollower and @Caseynotes (chat wont let me tag you??) As always thanks for the insight and details. Do you guys know of any stock scanner like FinViz etc to search through EU and UK stocks? My research only basically says no to this question. The reason I ask is because since you guys gave me some great advice recently, my trading has improved in that I am more accurately spotting trades with a higher success rate. Still not 100% profitable but I think this is down to over trading (trying to force trades and setups). At the moment my pre-market research involves clicking through all charts on EU 50 and FTSE 100, so probably not very efficient! PS I have found some success in trading channels, MA cross overs/divergence and direction of Bollinger bands and placement of the share price in the Bollinger band. So I am looking for a scanner that can potential provide me with the basic filters (trade volume, volatility ratio etc) and then I want to scan for cross overs etc. Thanks as always!
  7. AbDXB1345

    Trend Following by TrendFollower

    @TrendFollower firstly thanks for the post. What asset classes do you find trend better than others? My thought is that stocks are often impacted by earnings and fed decisions etc where as commodities may be a little less volatile as they should be based on global demand/global economy performance? Any thoughts on this?
  8. Thank you again for your help @Caseynotes, I'll give there resources a go and will let you know how I get on!
  9. Thanks @Caseynotes My best results have been trading shares and weekly trading (well more like 2-3 days). I found though that my trades would be profitable and within 2-3 days the market would turn and my stop loss would be triggered. I've tried leaving the stop loss where it was placed at the start of the trade and also adjusting my stop loss while trades are profitable. I found that I wasn't losing and wasn't making money, so tried playing around with my Risk:Reward ratios but the higher I adjusted the Reward aspect the more often I would stopped out as soon as the market turned. I also tried intraday (more recently) but this has resulted in generally more losses than wins, so I think trading over a 2-3 day period is my preference. I guess the reason why I am keen for a mentor is because I have watched 100s of videos and read about lots of different strategies, but what I really need is some guidance on how others have found success i.e. screening for stocks (and I note the forum post about identifying unloved stocks which I am going to put in practice), placing trades to not get stopped out with general daily market moves etc. This way I can build some sort of a foundation to work from knowing that I'm not following a snake oil salesman's gimmick, but actually pursuing something that has a track record. Thanks for the help and any advice!
  10. Hi All, I am fairly new to the forum, but have been using the IG Demo system since February this year. The journey has been extremely educational as I have traded various strategies and have learnt a lot from online videos etc. My problem is that I have tested various strategies, sometimes I will knock the ball out the park one week and then the next 3 weeks I will destroy my account following exactly the same strategy. I am seriously looking for a mentor that can help me find a strategy that will allow me to find consistency. There are a host of mentors/gurus out there who want to charge a fee, firstly they don't trade CFDs and secondly they don't often show their trading track record. Is there anyone on this forum that is willing to mentor me or can recommend someone solid? I will obviously be looking for evidence of profitable trading experience. Thanks and all the best! A PS I am based in the Dubai and also keen to meet up for a coffee if anyone is free.
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